CMSPrime Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this CMSPrime Review, we are going to take a look at the offer that this broker prepared for its traders. CMSPrime operates on the financial market since 2002. When it comes to trading platforms, the broker features MT5, Web trader and MetaTrader 4. The CMSPrime minimum deposit is 1000 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this CMSPrime Review

Website address:cmsprime.com
Operated by: Capital Market Solutions
Licensed and authorised by regulatory bodies:IFSC
Supported languages:English, Spanish and French
Customer support available via:E-mail, phone, live-chat
Contact details:[email protected] +12052368977
Available deposit methods:Wire transfer, Credit and Debit Cards, Skrill, Neteller, Webmoney , Alipay
Available withdrawal methods:Wire transfer, Credit and Debit Cards, Skrill, Neteller, Webmoney , Alipay
Minimum deposit:1000 USD
Min. trade in lots:0.01
Spreads:Typical spread on the currency pair EUR/USD - 0,5 pips * on standard account type
Tradable assets:
Might be a CFD.
Forex, stocks, commodities, indices
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MT5, Web trader
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:500
Social trading:No

CMSPrime Fees (typical spreads)

We have scanned fees (typical spreads) that CMSPrime charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
* 0,5* * * * 0,3*

*Typical spreads were recorded on 17.09.2020 at 10:13 for the standard account. CMSPrime spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: AMPFutures, ATOMMarkets.vn, News-Traders and KhweziTrade

Frequently Asked Questions

🧐 Is CMSPrime a Scam?

In accordance with our research, CMSPrime is a broker licensed and regulated by the IFSC. While it is a good thing that the broker is regulated, the IFSC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that CMSPrime is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the CMSPrime minimum deposit?

In order to start trading with CMSPrime, you have to deposit at least 1000 USD (Trading accounts can also be held in USD, EUR, GBP).

📵 What deposit and withdrawal methods CMSPrime supports?

CMSPrime allows funding your account via Wire transfer, Credit and Debit Cards, Skrill, Neteller, Webmoney , Alipay.

⚖️ Would you recommend me choosing CMSPrime?

We don’t have our own personal experience with CMSPrime. However, the broker is regulated by the IFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with CMSPrime.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.

3 Comments

  • Big time scam no regulatory no proper legal office ! Play with client trade and push him to lose money

  • Scam , owner him self is scam the guy introduce him self as CEO is scam No regulatory no license no real office everything is fake !!! They will run away very soon !! They give shadow to not let client make money that’s very common game for them … if you think worth to try go and try !!!

  • self called broker! they are Capital Market Solutions registered in Belize and saint Vincent no single license in UAE hence the only office they have is in UAE . Their whole activity they do is fraud ! big time cheaters … their offshore license has no relationship with Dubai office just playing with the name and same offshore license is not for Forex… people including my self lost millions of dollar with them they are clearly deleting positions and manipulating trades they never let any one make money …. giving slippage is their normal ordinary act … funny is their plugin some times hang and slippage goes to very unusual spread its very common act for them… owner clearly play with people money and keep buying luxury cars and houses!!!! please be aware of them they are not existed broker stay away because there is no way to make profit with them very rarely happens they let you to make profit probably during their sleeping time only!!!

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